Home Building Debt definition

Home Building Debt means, as of any time of determination, the ------------------ sum of the following amounts without duplication: (a) all indebtedness, liabilities and other obligations of the Company and its consolidated Subsidiaries (excluding accounts payable and other non-interest bearing accruals of the Company and its consolidated Subsidiaries, and excluding all indebtedness, liabilities and other obligations of the Excluded Subsidiaries) that, in conformity with generally accepted accounting principles applied on a consistent basis, should be included in determining total liabilities shown on the liability side of a consolidated balance sheet of the Company and the consolidated Subsidiaries, (b) all recourse indebtedness for borrowed money of any partnership in which the Company or a consolidated Subsidiary is a general partner, (c) all letter of credit reimbursement obligations of the Company and any consolidated Subsidiary with respect to letters of credit which guaranty or act as credit support for the payment of monetary obligations, and (d) all guaranties by the Company or a consolidated Subsidiary of indebtedness for borrowed money of another Person; provided, however, that in the case of any loan to value maintenance agreement (or similar agreement) by which the Company or a consolidated Subsidiary agrees to maintain for a joint venture a minimum ratio of indebtedness outstanding to value of collateral property, only amounts owing by the Company or a consolidated Subsidiary at the time of determination (or which would be owing upon the demand of the lender) will be included in Home Building Debt.
Home Building Debt means, as of any time of determination, all ------------------ indebtedness, liabilities and other obligations of the Company and the consolidated Subsidiaries (excluding all indebtedness, liabilities and other obligations of the Excluded Subsidiaries) that, in conformity with generally accepted accounting principles applied on a consistent basis, should be included in determining total liabilities shown on the liability side of a consolidated balance sheet of the Company and the consolidated Subsidiaries.
Home Building Debt means, as of any time of determination, all ------------------ indebtedness, liabilities and other obligations of the Company and the consolidated Subsidiaries (excluding all indebtedness, liabilities and other obligations of Standard Pacific Savings, F.A., Standard Pacific Financing, Inc., and Standard Pacific Financing, L.P.) that, in conformity with generally accepted accounting principles applied on a consistent basis, should be included in determining total liabilities shown on the liability side of a consolidated balance sheet of the Company and the consolidated Subsidiaries.

Examples of Home Building Debt in a sentence

  • During the Interest Coverage Failure Period, the ratio of Home Building Debt to Consolidated Tangible Net Worth shall at no time exceed 1.25 to 1.0. An example of the calculation of the Interest Coverage Ratio is as set forth in Schedule 8.3 hereto.

  • The sum of the aggregate principal amount at any time outstanding under the Loans plus the L/C Obligations shall not at any time exceed either (a) the Total Aggregate Commitment, or (b) the Borrowing Base less Senior Unsecured Home Building Debt (exclusive of the outstanding amount of the Loans and L/C Obligations).

  • The sum of the Principal Debt of the Term Loans plus all other Senior Unsecured Home Building Debt shall not, at any time in which an Investment Grade Rating does not exist, exceed the Borrowing Base.

  • Company shall not permit, at any time, the ratio of Home Building Debt to Home Building Tangible Net Worth to exceed 1.6 to 1.0; provided, however, that in the event Standard Pacific Savings is sold under -------- ------- circumstances other than those described in Section 8.1(a) above, then the ---------- -------------- covenant in this subparagraph (a) shall be eliminated and this subparagraph (a) shall cease to be of any further force or effect.

  • Audit observed that in the earlier proposal (October 2003), tender action was initiated even before approval and sanction on the grounds that the installation was to be completed within three to four months.

  • The sum of the aggregate principal amount at any time outstanding under the Loans plus the L/C Obligations shall not at any time exceed (a) at any time in which an Investment Grade Rating exists, the Total Aggregate Commitment or (b) at any time in which an Investment Grade Rating does not exist, the lesser of (i) the Total Aggregate Commitment, or (ii) the Borrowing Base less Senior Unsecured Home Building Debt (exclusive of the outstanding amount of the Loans and L/C Obligations).

  • Borrower shall not permit the Senior Unsecured Home Building Debt to at any time exceed the Borrowing Base.


More Definitions of Home Building Debt

Home Building Debt means, as of any time of determination, ------------------ all indebtedness, liabilities and other obligations of the Company and the consolidated Subsidiaries (excluding accounts payable and other non- interest bearing accruals of the Company and the consolidated Subsidiaries, and excluding all indebtedness, liabilities and other obligations of the Excluded Subsidiaries) that, in conformity with generally accepted accounting principles applied on a consistent basis, should be included in determining total liabilities shown on the liability side of a consolidated balance sheet of the Company and the consolidated Subsidiaries.

Related to Home Building Debt

  • farm building means that part of a bona fide farming operation encompassing barns, silos and other ancillary development to an agricultural use, but excluding a residential use;

  • Building Drain means that part of the lowest horizontal piping of a drainage system which receives the discharge from soil, waste, and other drainage pipes inside the walls of the building and conveys it to the building sewer, beginning five (5) feet (1.5 meters) outside the inner face of the building wall.

  • Building Common Areas means with respect to the Tower, the areas, facilities and amenities specified in Schedule [E] which are to be used and enjoyed in common with all the other Apartment Acquirers of the Units in the Building; and

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Base Building shall include the structural portions of the Building, the public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to time, including rules and regulations for the performance of Alterations (defined in Section 9).

  • Qualified building means a building built at least 30 years before the date of application, located within a designated downtown or, village center, or neighborhood development area, which, upon completion of the project supported by the tax credit, will be an income-producing building not used solely as a single-family residence. Churches and other buildings owned by religious organization may be qualified buildings, but in no event shall tax credits be used for religious worship.

  • Elevated Building means a non-basement building which has its lowest elevated floor raised above ground level by foundation walls, shear walls, posts, piers, pilings, or columns.

  • Qualified buildings means construction of new structures,

  • Building means any structure used or intended for supporting or sheltering any use or occupancy.

  • Office Building (Premises), means a building or premises or part thereof whose sole or principal use is for an office or for office purposes or clerical work. "Office purposes" includes the purpose of administration, clerical work, handling money, telephone, telegraph and computer operation; and "clerical work" includes writing, book-keeping, sorting papers typing, filing, duplicating, punching cards or tapes, machines calculations, drawing of matter for publication and editorial preparation of matter for publication.

  • Building Equipment shall have the meaning set forth in the Security Instrument.

  • heritage building means a Building designated under Part IV of the Ontario Heritage Act, R.S.O. 1990, c. O.18, or any successor legislation, or a Building designated under Part V of the Ontario Heritage Act,R.S.O. 1990, c. O.18, or any successor legislation, which has been identified as a significant heritage resource in a conservation district plan and any Building listed in the Markham Register of Property of Cultural Heritage Value of Interest;

  • Existing Building means a building that (a) was in existence and completely constructed on the date that the Applicant first submitted its Application, or (b) in respect of which the IESO has, in its sole and absolute discretion, issued a written confirmation that the building will be deemed an Existing Building for the purposes of the definition of Rooftop Facility.

  • mixed-use building means a building or structure containing a residential and non- residential use other than a home occupation;

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • Public building and "public work" means a public building of, and a public work of, a governmental entity (the United States; the District of Columbia; commonwealths, territories, and minor outlying islands of the United States; State and local governments; and multi-State, regional, or interstate entities which have governmental functions). These buildings and works may include, without limitation, bridges, dams, plants, highways, parkways, streets, subways, tunnels, sewers, mains, power lines, pumping stations, heavy generators, railways, airports, terminals, docks, piers, wharves, ways, lighthouses, buoys, jetties, breakwaters, levees, and canals, and the construction, alteration, maintenance, or repair of such buildings and works.

  • Building, structure, facility, or installation means all of the pollutant-emitting activities which belong to the same industrial grouping, are located on one or more contiguous or adjacent properties, and are under the control of the same person (or persons under common control) except the activities of any vessel. Pollutant-emitting activities shall be considered as part of the same industrial grouping if they belong to the same major group (i.e., which have the same two-digit code) as described in the Standard Industrial Classification Manual, 1972, as amended by the 1977 Supplement (U.S. Government Printing Office stock numbers 4101-0066 and 003-005-00176-0, respectively).

  • Main building means a building in which is conducted the main or principal use of the parcel on which it is erected;

  • Outbuilding means and refer to structures such as (by way of example and not limitation) storage buildings, sheds, greenhouses, gazebos and other Roofed Structures.

  • Buildings means , and BHK Apartments having One Block of Apartments a total of apartments of different types in G+ storied Block including such other constructions and/or structures, as may be constructed on the Premises by the Builder from time to time.

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • apartment building means a residential use building, or the residential use portion of a mixed-use building, other than a townhouse or stacked townhouse containing four or more dwelling units each of which shall have access to above grade common halls, stairs, elevators, and yards;

  • Conversion building means a building that at any time before creation of the common interest community was occupied wholly or partially by persons other than purchasers and persons who occupy with the consent of purchasers.

  • existing industrial building means a building used for or in connection with,

  • The Building means any building of which the Property forms part.

  • Building Systems means any electrical, mechanical, structural, plumbing, heating, ventilating, air conditioning, sprinkler, life safety or security systems serving the Building.